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KBA

KraneShares Bosera MSCI China A Share ETF

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Investment Strategy:

KBA is benchmarked to the MSCI China A Inclusion Index which is designed to track the progressive partial inclusion of A shares in the MSCI Emerging Markets Index over time. The index is designed for global investors accessing the A shares market using the Stock Connect framework and is calculated using China A Stock Connect listings based on the offshore RMB exchange rate (CNH).

KBA features:

  • Access to the Shanghai and Shenzhen Stock Exchanges - which are traditionally not available to U.S. investors - via RQFII and Stock Connect Programs.
  • KBA's holdings represent the exact Mainland Chinese equities included within broad MSCI indexes.
  • With over $1.9 trillion1 benchmarked to the MSCI Emerging Markets Index, full inclusion of Mainland Chinese equities could see significant flows into the securities KBA owns today.
  • Co-managed by Bosera Asset Management; headquartered in Shenzhen, over $110 billion in AUM, one of the largest Chinese asset managers by assets.2

1.) As of December 31, 2017, as reported on March 31, 2018 by eVestment, Morningstar and Bloomberg.

2.) Bosera data is from bosera.com as of 3/31/2018, retrieved on 6/30/2018.

Fund Details

Data as of 11/12/2018
TickerKBA
Primary ExchangeNYSE
CUSIP500767405
ISINUS5007674055
Net Assets$311,164,914
Total Annual Fund Operating Expense (Gross) 0.80%
Total Annual Fund Operating Expense (Net) 0.60%*
Inception Date3/4/2014
Distribution FrequencyAnnual

Daily Performance

Data as of 11/12/2018
Premium Discount Chart
NAV
Net Asset Value$26.37 
Daily Change 0.70%
Price
Closing Price $25.99 
Daily Change0.35%

Performance History

Distributions
Cumulative %
Data as of: 10/31/2018
Fund NAVClosing PriceIndex
1 Month-9.62%-9.85%-9.59%
3 Month-11.74%-12.16%-12.07%
6 Month-21.25%-21.83%-22.78%
Since Inception18.04%18.56%24.47%
Avg Annualized %
Data as of month end: 10/31/2018
Fund NAVClosing PriceIndex
1 Year-23.64% -23.20%-27.24%
3 Year-8.29%-7.80%-8.65%
Since Inception3.63% 3.72%4.81%
Avg Annualized %
Data as of quarter end: 09/30/2018
Fund NAVClosing PriceIndex
1 Year-12.12%-11.99%-16.53%
3 Year-2.06%-1.83%-2.02%
Since Inception6.01% 6.17%7.23%

*Pursuant to the terms of an Expense Limitation Agreement, Krane Funds Advisors, LLC (“Krane”), the Fund’s investment manager, has contractually agreed to reduce its management fee to 0.58% of the Fund’s average daily net assets until July 31, 2018. The Expense Limitation Agreement may only be terminated prior to July 31, 2018 by the Board.

The Hybrid KBA Index consists of the MSCI China A Index from the inception of the Fund through October 23, 2014, the MSCI China A International Index from October 23, 2014 through December 26, 2017 and the MSCI China A Inclusion Index going forward.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

Sector Breakdown

Data as of: 2018/11/12

Market Cap Breakdown

Data as of: 2018/11/12
Data provided by ETF Research Center

Top 10 Holdings

Data as of 11/12/2018
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
PING AN INSURANCE GROUP C
2.57%601318 CH860,1007,983,644
2
KWEICHOW MOUTAI CO LTD-A
2.52%600519 CH99,0047,845,278
3
CHINA MERCHANTS BANK-A
1.93%600036 CH1,465,9966,010,457
4
PING AN INSURANCE GROUP C
1.8%601318 C1603,3335,600,274
5
KWEICHOW MOUTAI CO LTD-A
1.69%600519 C166,3805,260,086
6
CHINA MERCHANTS BANK-A
1.69%600036 C11,282,0405,256,254
7
INDUSTRIAL BANK CO LTD -A
1.14%601166 CH1,577,3003,559,454
8
AGRICULTURAL BANK OF CHIN
1.03%601288 CH6,115,9003,195,790
9
SHANGHAI PUDONG DEVEL BAN
0.98%600000 CH1,958,8913,037,040
10
CHINA STATE CONSTRUCTION
0.96%601668 CH3,887,8802,991,536

Holdings are subject to change.